Barclays confirms windfall to Zimbabwe workers

Published: 11 August 2017

Barclays Plc and the Barclays Bank of Zimbabwe board of directors are constituting a board of trustees to superintend the 322 998 026 ordinary shares to be housed under the Employee Share Ownership Trust.

This is equivalent to 15 percent of the issued shares of BBZ. This comes after Barclays Plc announced the payment of bonuses to workers of BBZ.

The bonuses will be paid out within 30 days of conclusion of the transaction which is before regulatory authorities.

In a letter to BBZ Workers board chairman Antony Mandiwanza confirmed that the holdings group will reward BBZ workers. - Business Weekly